NSP Funding Gets “Compromised”

While Senate Democrats and Republicans were looking to compromise on what is now a trimmed-down, $780 billion stimulus package, it looks like some key progressive measures have been, well, compromised.

$2.25 billion in Neighborhood Stabilization Program funds — money that would have been used to help cities and counties buy vacant, foreclosed properties has been eliminated, according to the National Housing Conference, as well as $1.2 billion in funding to “energy retrofit” project-based Section 8 housing.

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More to come…


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